About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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GrowGeneration (NASDAQ: GRWG) Reports Tough Q3 2022 Quarterly Results, But Surprises Investors With Upgraded Revenue and Adj. EBITDA Guidance for FY 2022

GrowGeneration, Inc. (NASDAQ: GRWG) is the owner and operator of specialty hydronic and organic gardening centers across the United States. The company currently operates 58 stores across the U.S., including 22 locations in California. In addition, GrowGeneration operates an e-commerce business through its website, growgeneration.com. Shares of the hydroponic supplies company are rallying 29% through early trading on Tuesday, November 8, 2022. Over the past three months, GrowGeneration has seen average daily volume of 1.28 million shares. However, volume of 10.52 million shares or dollar volume of around $47.87 million, has already exchanged hands through early trading.

Shares of GrowGeneration are gaining after the company released third quarter 2022 financial results. During the quarter ended September 30, 2022, the hydroponics and organic gardening company reported net sales of $70.9 million, which represents a year-over-year decline of 39% due to softer demand across the industry. Comparable store sales for Q3 2022 plunged 58.1%. Overall, the company reported a net loss of $7.2 million or -$0.12 per share, compared to net income of $4 million during the same time frame last year. Adjusted EBITDA loss came in at $2.6 million.

Although it was a tough quarter for GrowGeneration, CEO Darren Lampert, says he is “cautiously optimistic” after seeing signs of stabilization within the industry. The company has continued to focus on cost-cutting this year and in Q3, including reducing headcount. GrowGeneration has also reduced inventory by $10 million compared to the end of Q2 2022 and continues to hold zero debt.

In a bright spot for investors, management raised its revenue and adjusted EBITDA guidance for full-year 2022. The new revenue range given by the company is between $270 million and $280 million. This compares to the old revenue guidance range of $250 million to $275 million. On an adjusted EBITDA basis, the new guidance range is between -$10 million to $13 million. The old adjusted EBITDA range was -$12 million to $15 million.

Darren Lampert, GrowGeneration’s Co-Founder and Chief Executive Officer: “I am proud of how resilient our team has been throughout this year as GrowGen – and the entire hydroponics category – has faced significant industry and economic headwinds. In the third quarter of 2022, net sales of $70.9 million outpaced our internal expectations, bolstered primarily by stronger-than-expected demand within our distribution and private label business. During the quarter we generated $8.3 million of positive cash flow from operations as working capital management remains a top priority across the business, and we ended the third quarter with $71.1 million of cash on our balance sheet with zero debt. On the expense side, we have reduced the payroll by an incremental $1.7 million in the quarter and $11.7 million year to date. We reduced inventory quarter-over-quarter by $10 million compared to the end of the second quarter 2022, which amounts to an aggregate reduction in our retail business of more than $24.1 million in inventory year-to-date since December 31, 2021.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post GrowGeneration (NASDAQ: GRWG) Reports Tough Q3 2022 Quarterly Results, But Surprises Investors With Upgraded Revenue and Adj. EBITDA Guidance for FY 2022 appeared first on Spotlight Growth.

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